Ukraine: agricultural holding Kernel completed purchasing of Russian Oil
2011-09-30 14:49:17
The agricultural holding Kernel completed purchasing of Russian Oil. On September 19, 2011, Kernel fulfilled the conditions to purchase 100% of stocks of Russian Oil. Thus, to date Russian Oil is the subsidiary of Kernel Holding SA.
As a reminder, previously Kernel agreed to purchase 100% of stocks of Russian Oil for the sum of 60 mln USD. Kernel Group (TM "Shchedryi dar", "Stozhar", "Chumak domashnya", "Chumak zolota", "Lyubonka") is one of the largest producers of sunflower oil in Ukraine. Andrew Verevskiy, Chairman of the board of directors of the company, owns 41.16% of stocks of Kernel.